Tesco profits tumble despite surge in pandemic sales April 14, 2021 Tesco’s pre-tax profit fell by 20 per cent to £825m in 2020 despite a pandemic-driven jump in group sales. The UK’s biggest grocer said it incurred £892m of Covid-related costs during the year and repaid £535m of business rates relief. The retailer reported a 6.3 per cent rise in group like-for-like sales, including a 7.7 [...]
Foxtons sees revenues rocket amid stamp duty-driven housing boom April 14, 2021 Foxtons has seen impressive revenue growth in the three months to 31 March, at a time when house prices are at an all-time high amid the stamp duty holiday. Group revenue at the estate agent in the first quarter of 2021 stood at £28.5m, up 24 per cent on the same period last year. [...]
Boris Johnson’s push for mass testing is set for failure before it even gets off the grounds April 14, 2021 The campaign for regular, mass Covid resting has begun in earnest. From last Friday, everyone in England has been eligible to access lateral flow tests for free. The government would like people to test themselves twice a week. Under the slogan “Hands, Face, Space, Fresh Air”, the public is being urged to use the NHS [...]
‘Mix and match’ Covid vaccine trial extended to include Moderna and Novavax jabs April 14, 2021 A major trial in the UK that looks at whether Covid vaccines can be mixed and matched has been extended to include the Moderna and Novavax jabs. The Com-Cov study has been investigating the immune responses from people given a dose of the AstraZeneca vaccine followed by the Pfizer jab, and vice versa, according to [...]
Exclusive: Covid-19 drives Londoners behind the wheel sooner than planned April 14, 2021 London dwellers are now more likely to buy a car sooner than planned than in any other region of the UK as a result of Covid-19. New figures from Close Brothers Motor Finance, shared exclusively with City A.M., show that over a fifth of Londoners – 21 per cent – are now more likely to [...]
Retail and food magnate behind Selfridges and Primark dies aged 80 April 13, 2021 W. Galen Weston, the retail and food businessman behind Selfridges Group, Fortnum & Mason and Primark, has died aged 80. Weston passed away peacefully yesterday after a long illness, his family announced today. “My father’s greatest gift was inspiring those around him to achieve more than they thought possible,” said his son Galen G. Weston, [...]
Brexit: We must use EU divorce to slash tariffs for developing nations and boost UK trade, says PM adviser April 13, 2021 Brexit: We must use EU divorce to slash tariffs for developing nations and boost UK trade, says PM adviser
Boeing beats rival Airbus for quarterly orders for first time since 2019 April 13, 2021 Boeing booked more net quarterly orders than rival planemaker Airbus for the first time in over two years, new statistics released today show. From January to March 2021, the aerospace giant landed 282 more orders in total, and 76 when cancellations are taken into account. By contrast, its European counterpart saw its net tally fall [...]
FTSE 250 bests main market after postive GDP data fails to move the dial April 13, 2021 FTSE 250 bests main market after postive GDP data fails to move the dial
John Lewis poaches Experian director to run financial services arm April 13, 2021 John Lewis has today hired a senior Experian director to take over as its director of financial services as the department store pushes into the digital retail space. Amir Goshtai, a 20 year veteran of the credit agency, will spearhead the firm’s focus on its digital portfolio. This involves pouring £100m into its financial services [...]
